Fox deal seals Murdoch succession

Rupert Murdoch’s 21st Century Fox has advised that Lachlan Murdoch will become CEO and chairman of what has been dubbed "New Fox" if a deal to sell most of its entertainment assets to Disney proceeds. Rupert Murdoch will be co-chairman of what would be a much smaller company, with assets such as the Fox broadcast network and cable channel Fox News. Lachlan Murdoch says the new Fox will be a "leader in news, sports and entertainment". Fox’s current CEO James Murdoch is widely tipped to leave the group and start his own business.